Martin Santiago - October 2024 Market Report | Peninsula Estates by California Concierge

Peninsula Estates

San Francisco County

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San Mateo County

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Belmont

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Jump to Burlingame Report Burlingame

Jump to Daly City Report Daly City

Foster City

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Half Moon Bay

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Hillsborough

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Jump to Millbrae Report

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San Bruno

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San Carlos

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San Mateo

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South San Francisco

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What’syourhome reallyworthin today’smarket?

That's the question you should be asking yourself.

Our market is incredibly diverse and rapidly changing. Values vary not just by neighborhood but by street. Your home isn't necessarily worth what your neighbors' home is. It's the current market that sets the value of your home.

So, do you know what your home is worth in today's market?

Icanhelp...

Contact me for a confidential, no obligation assessment of your home's value.

ThisIstheSweetSpotHomebuyers HaveBeenWaitingFor

After months of sitting on the sidelines, many homebuyers who were priced out by high mortgage rates and affordability challenges finally have an opportunity to make their move. With rates trending down, today’s market is a sweet spot for buyers— and it’s one that may not last long.

So, if you’ve put your own move on the back burner, here’s why maybe you shouldn’t delay your plans any longer.

As you weigh your options and decide if you should buy now or wait, ask yourself this: What do you think everyone else is going to do?

amily Homes ntory

148 Sold Listings

$1.5M Median Sale Price

4% s List

25 Avg Days on Market

MLS Listings Inc, includes all single-family homes, condos and California Area from September 2023 to September 2024. This may data, and may vary from the time the data was gathered. All data is guaranteed. DRE# 01906450. Copyright KW Advisors Peninsula San Mateo 2024. Each office is independently owned and

Condo & To 463 New Listings

6.4 Months of Inventory $ M 102.5%

Median Sale vs List Av

SEPTEMBER 2023 - SEPTEMBER 2024

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 58m last September 2023, to $1 59m as of September 2024

Condos & Townhomes

The median sale price has increased from $1m last September 2023, to $1 1m as of September 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 28 days last September 2023, to 25 days as of September 2024

Condos & Townhomes

The average time spent on the market remained the same from 52 days in September 2023, to 52 days as of September 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 107 3% last September 2023, to 112 4% a year later

Condos & Townhomes

The overbid percentage has increased from 99% last September 2023, to 102.5% a year later.

SanMateo County

What's in the San Mateo County data?

There were 570 single-family homes for sale, providing 1.7 months of inventory. There were 491 new listings, and 328 homes sold at a median price of $1.9m. The median overbid percentage was at 105 5%, with an average of 24 days on the market.

There were 297 condo and townhome units for sale, providing 2.8 months of inventory. There were 164 new listings and 108 units sold at a median sale price of $894k. The median overbid percentage was at 100.6%, with an average of 41 days on the market

SFH

Single-Family Homes

491 New Listings

328 Sold Listings

1.7 Months of Inventory

$1.9M Median Sale Price

105.5%

Median Sale vs List

24 Avg Days on Market

The data, sourced from MLS Listings Inc, includes all single-family homes, condos and townhomes in the California Area from September 2023 to September 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01906450. Copyright KW Advisors Peninsula Estates | Burlingame | San Mateo 2024. Each office is independently owned and operated.

164

New Listings

108

Sold Listings

2.8

Months of Inventory

100.6%

Median Sale vs List

$894K

Median Sale Price

Avg Days on Market

SanMateoCounty

SEPTEMBER 2023 - SEPTEMBER 2024

LISTINGS FOR SALE SOLD LISTINGS

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 8m last September 2023, to $1 9m as of September 2024

Condos & Townhomes

The median sale price has increased from $890k last September 2023, to $894k as of September 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market remained the same from 24 days last September 2023, to 24 days as of September 2024

Condos & Townhomes

The average time spent on the market went up from 33 days in September 2023, to 41 days as of September 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 103 3% last September 2023, to 105 5% a year later

Condos & Townhomes

The overbid percentage has remained the same from 100.6% last September 2023, to 100.6% a year later.

Belmont

What's in the Belmont data?

There were 18 single-family homes for sale, providing 0.8 months of inventory. There were 19 new listings, and 24 homes sold at a median price of $2.4m. The median overbid percentage was at 107.3%, with an average of 18 days on the market.

There were 4 condo and townhome units for sale, providing 1.3 months of inventory. There were 2 new listings and 3 units sold at a median sale price of $500k. The median overbid percentage was at 99.3%, with an average of 24 days on the market.

SFH

Single-Family Homes

19 New Listings

24 Sold Listings

0.8 Months of Inventory

$2.4M Median Sale Price

107.3%

Median Sale vs List

18 Avg Days on Market

SEPTEMBER 2023 - SEPTEMBER 2024

amily Homes months, year-over-year. & Townhomes months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $2 3m last September 2023, to $2 4m as of September 2024

Condos & Townhomes

The median sale price has increased from $0 last September 2023, to $500k as of September 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market remained the same from 18 days last September 2023, to 18 days as of September 2024

Condos & Townhomes

The average time spent on the market went up from 0 days in September 2023, to 24 days as of September 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 99 4% last September 2023, to 107 3% a year later

Condos & Townhomes

The overbid percentage has increased from 0% last September 2023, to 99.3% a year later.

Burlingame

What's in the Burlingame data?

There were 16 single-family homes for sale, providing 0.9 months of inventory. There were 16 new listings, and 17 homes sold at a median price of $2.8m. The median overbid percentage was at 106.5%, with an average of 15 days on the market.

There was 1 condo and townhome unit for sale, providing 0.5 months of inventory. There were 0 new listings and 2 units sold at a median sale price of $1.4m. The median overbid percentage was at 95%, with an average of 117 days on the market.

SFH

Single-Family Homes

16 New Listings

17 Sold Listings

0.9 Months of Inventory

$2.8M Median Sale Price

106.5%

Median Sale vs List

15 Avg Days on Market

Condo & Townhomes

New Listings

Sold Listings

0.5

Months of Inventory

$1.4M

Median Sale Price 95%

Median Sale vs List 117 Avg Days on Market

Burlingame

SEPTEMBER 2023 - SEPTEMBER 2024

LISTINGS FOR SALE SOLD LISTINGS

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $2 7m last September 2023, to $2 8m as of September 2024

Condos & Townhomes

The median sale price has increased from $1m last September 2023, to $1 4m as of September 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 33 days last September 2023, to 15 days as of September 2024

Condos & Townhomes

The average time spent on the market went up from 32 days in September 2023, to 117 days as of September 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 98 5% last September 2023, to 106 5% a year later

Condos & Townhomes

The overbid percentage has decreased from 98.5% last September 2023, to 95% a year later.

DalyCity

What's in the Daly City data?

There were 30 single-family homes for sale, providing 0.9 months of inventory. There were 36 new listings, and 33 homes sold at a median price of $1.2m. The median overbid percentage was at 108.4%, with an average of 31 days on the market.

There were 23 condo and townhome units for sale, providing 2.1 months of inventory. There were 10 new listings and 11 units sold at a median sale price of $745k. The median overbid percentage was at 100%, with an average of 51 days on the market.

SFH

Single-Family Homes

36 New Listings

33 Sold Listings

0.9 Months of Inventory

$1.2M Median Sale Price

108.4%

Median Sale vs List

31 Avg Days on Market

SEPTEMBER 2023 - SEPTEMBER 2024

mes year-over-year. omes year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $1 25m last September 2023, to $1 2m as of September 2024

Condos & Townhomes

The median sale price has increased from $552k last September 2023, to $745k as of September 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 14 days last September 2023, to 31 days as of September 2024

Condos & Townhomes

The average time spent on the market went up from 22 days in September 2023, to 51 days as of September 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 108 3% last September 2023, to 108 4% a year later

Condos & Townhomes

The overbid percentage has remained the same from 100% last September 2023, to 100% a year later.

FosterCity

What's in the Foster City data?

There were 9 single-family homes for sale, providing 1.5 months of inventory. There were 15 new listings, and 6 homes sold at a median price of $2m. The median overbid percentage was at 99.3%, with an average of 23 days on the market.

There were 32 condo and townhome units for sale, providing 2.1 months of inventory. There were 20 new listings and 15 units sold at a median sale price of $1.2m. The median overbid percentage was at 102.9%, with an average of 25 days on the market.

Single-Family Homes

15 ew Listings

6 Sold Listings

1.5 Months of Inventory

$2M Median Sale Price

99.3% Median Sale vs List

23 Avg Days on Market

New Listings

Sold Listings

2.1

Months of Inventory

$1.2M

Median Sale Price

102.9%

Median Sale vs List

25 Avg Days on Market

SEPTEMBER 2023 - SEPTEMBER 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $2 1m last September 2023, to $2m as of September 2024

Condos & Townhomes

The median sale price has decreased from $1 253m last September 2023, to $1 25m as of September 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 33 days last September 2023, to 23 days as of September 2024

Condos & Townhomes

The average time spent on the market went up from 14 days in September 2023, to 25 days as of September 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 101 5% last September 2023, to 99 3% a year later

Condos & Townhomes

The overbid percentage has decreased from 104.8% last September 2023, to 102.9% a year later.

HalfM Bay

What's in the Half data?

There were 22 single-family providing 2.2 months of inve new listings, and 10 homes s of $1.9m. The median overb 96 8%, with an average of 49

There were 6 condo and tow providing 2 months of invent new listings and 3 units sold price of $800k. The median o was at 98.6%, with an averag market.

single-family homes, condos and September 2024. This may was gathered. All data is KW Advisors Peninsula independently owned and

New Listings

2 Months of Inventory 98.6%

Median Sale vs List

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $2 1m last September 2023, to $1 9m as of September 2024

Condos & Townhomes

The median sale price has decreased from $875k last September 2023, to $800k as of September 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 25 days last September 2023, to 49 days as of September 2024

Condos & Townhomes

The average time spent on the market went down from 47 days in September 2023, to 9 days as of September 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 99 5% last September 2023, to 96 8% a year later

Condos & Townhomes

The overbid percentage has decreased from 98.9% last September 2023, to 98.6% a year later.

Hillsborough

What's in the Hillsborough data?

There were 31 single-family homes for sale, providing 2.8 months of inventory. There were 15 new listings, and 11 homes sold at a median price of $4.9m. The median overbid percentage was at 98.9%, with an average of 47 days on the market.

There was no data for condo and townhouse units for this month.

onth.

Median SalesPrice

Single-Family Homes

The median sale price has increased from $4 5m last September 2023, to $4 9m as of September 2024

Condos & Townhomes

No data for this month

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 23 days last September 2023, to 47 days as of September 2024

Condos & Townhomes

No data for this month

Overbids

Single-Family Homes

The overbid percentage has decreased from 101 2% last September 2023, to 98 9% a year later

Condos & Townhomes

No data for this month

Millbrae

What's in the Millbrae data?

There were 12 single-family homes for sale, providing 0.7 months of inventory. There were 12 new listings, and 17 homes sold at a median price of $1.9m. The median overbid percentage was at 109.7%, with an average of 11 days on the market.

There were 4 condo and townhome units for sale, providing 4 months of inventory. There was 1 new listing and 1 unit sold at a median sale price of $1.4m. The median overbid percentage was at 100.1%, with an average of 22 days on the market.

Single-Family Homes

New Listings

17 Sold Listings

0.7 Months of Inventory

$1.9M Median Sale Price

109.7%

Median Sale vs List

11 Avg Days on Market

Condo 1 New Listing

4 Months of Inventory

100.1%

Median Sale vs List

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $2 1m last September 2023, to $1 9m as of September 2024

Condos & Townhomes

The median sale price has increased from $799k last September 2023, to $1 4m as of September 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market remained the same from 11 days last September 2023, to 11 days as of September 2024

Condos & Townhomes

The average time spent on the market went down from 25 days in September 2023, to 22 days as of September 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 108 3% last September 2023, to 109 7% a year later

Condos & Townhomes

The overbid percentage has increased from 98.5% last September 2023, to 100.1% a year later.

Pacifica

What's in the Paci

There were 26 single-family h providing 0.9 months of inve new listings, and 28 homes s of $1.3m. The median overbi 107.1%, with an average of 2

There were 17 condo and tow sale, providing 2.8 months of were 13 new listings and 6 u sale price of $754k. The med percentage was at 101.2%, w days on the market.

single-family homes, condos and September 2024. This may was gathered. All data is KW Advisors Peninsula independently owned and

New Listings

2.8

Months of Inventory

101.2%

Median Sale vs List

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $1 32m last September 2023, to $1 3m as of September 2024

Condos & Townhomes

The median sale price has decreased from $775k last September 2023, to $754k as of September 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 30 days last September 2023, to 24 days as of September 2024

Condos & Townhomes

The average time spent on the market went up from 33 days in September 2023, to 54 days as of September 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 100 3% last September 2023, to 107 1% a year later

Condos & Townhomes

The overbid percentage has remained the same from 101.2% last September 2023, to 101.2% a year later.

e-Family Homes

16 Sold Listings

urced from MLS Listings Inc, includes all single-family homes, condos and in the California Area from September 2023 to September 2024. This may preliminary data, and may vary from the time the data was gathered. All data is ble but not guaranteed. DRE# 01906450. Copyright KW Advisors Peninsula Burlingame | San Mateo 2024. Each office is independently owned and ings

8 of Inventory

$1.5M Median Sale Price

7.2% Sale vs List

21 Avg Days on Market

New Listings

4.8

Months of Inventory

101%

Median Sale vs List

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 2m last September 2023, to $1 5m as of September 2024

Condos & Townhomes

The median sale price has decreased from $515k last September 2023, to $414k as of September 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 22 days last September 2023, to 21 days as of September 2024

Condos & Townhomes

The average time spent on the market went up from 12 days in September 2023, to 100 days as of September 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 104 6% last September 2023, to 107 2% a year later

Condos & Townhomes

The overbid percentage has increased from 98.5% last September 2023, to 101% a year later.

SanCarlos

What's in the San Carlos data?

There were 27 single-family homes for sale, providing 1.9 months of inventory. There were 34 new listings, and 14 homes sold at a median price of $2.5m. The median overbid percentage was at 105.9%, with an average of 12 days on the market.

There were 21 condo and townhome units for sale, providing 3.5 months of inventory. There were 13 new listings and 6 units sold at a median sale price of $1m. The median overbid percentage was at 102.3%, with an average of 23 days on the market.

Single-Family Homes

34 ew Listings

14 Sold Listings

1.9 Months of Inventory

$2.5M Median Sale Price

105.9%

Median Sale vs List

12 Avg Days on Market

New Listings

3.5

Months of Inventory

Median Sale Pric 102.3%

Median Sale vs List 23 Avg Days on Marke 6 Sold Listing

$1M

Carlos

SEPTEMBER 2023 - SEPTEMBER 2024

R SALE SOLD LISTINGS

mes year-over-year.

omes , year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $2 4m last September 2023, to $2 5m as of September 2024

Condos & Townhomes

The median sale price has decreased from $1 1m last September 2023, to $1m as of September 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 18 days last September 2023, to 12 days as of September 2024

Condos & Townhomes

The average time spent on the market went down from 37 days in September 2023, to 23 days as of September 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 105 6% last September 2023, to 105 9% a year later

Condos & Townhomes

The overbid percentage has increased from 102.2% last September 2023, to 102.3% a year later.

SanMateo

What's in the San Mateo data?

There were 62 single-family homes for sale, providing 1.5 months of inventory. There were 83 new listings, and 42 homes sold at a median price of $2.3m. The median overbid percentage was at 107.8%, with an average of 15 days on the market.

There were 91 condo and townhome units for sale, providing 3.5 months of inventory. There were 45 new listings and 26 units sold at a median sale price of $907k. The median overbid percentage was at 100.9%, with an average of 37 days on the market.

mily Homes

42 Sold Listings

$2.3M Median Sale Price

MLS Listings Inc, includes all single-family homes, condos and California Area from September 2023 to September 2024. This may and may vary from the time the data was gathered. All data is guaranteed. DRE# 01906450. Copyright KW Advisors Peninsula San Mateo 2024. Each office is independently owned and ory

8% ist

15 Avg Days on Market

New Listings

26 Sold Listings

3.5

Months of Inventory

$907K

Median Sale Price

100.9%

Median Sale vs List

37 Avg Days on Market

SanMateo

SEPTEMBER 2023 - SEPTEMBER 2024

LISTINGS FOR SALE SOLD LISTINGS

gle-Family Homes

t 12 months, year-over-year.

ndos & Townhomes

t 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 9m last September 2023, to $2 3m as of September 2024

Condos & Townhomes

The median sale price has decreased from $945k last September 2023, to $907k as of September 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 23 days last September 2023, to 15 days as of September 2024

Condos & Townhomes

The average time spent on the market went down from 65 days in September 2023, to 37 days as of September 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 105 8% last September 2023, to 107 8% a year later

Condos & Townhomes

The overbid percentage has increased from 98.6% last September 2023, to 100.9% a year later.

SouthSan Francisco

What's in the South San Francisco data?

There were 33 single-family homes for sale, providing 1.7 months of inventory. There were 40 new listings, and 19 homes sold at a median price of $1.4m. The median overbid percentage was at 112 2%, with an average of 15 days on the market

There were 20 condo and townhome units for sale, providing 3.3 months of inventory. There were 10 new listings and 6 units sold at a median sale price of $606k. The median overbid percentage was at 98.6%, with an average of 55 days on the market.

New Listings

Sold Listings

3.3

Months of Inventory

$606K

Median Sale Price 98.6%

Median Sale vs List 55 Avg Days on Market

SouthSanFrancisco

SEPTEMBER 2023 - SEPTEMBER 2024

LISTINGS FOR SALE SOLD LISTINGS

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 2m last September 2023, to $1 4m as of September 2024

Condos & Townhomes

The median sale price has decreased from $618k last September 2023, to $606k as of September 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 18 days last September 2023, to 15 days as of September 2024

Condos & Townhomes

The average time spent on the market went up from 11 days in September 2023, to 55 days as of September 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 107% last September 2023, to 112 2% a year later

Condos & Townhomes

The overbid percentage has decreased from 101.9% last September 2023, to 98.6% a year later.